GTA sales down 35%; Toronto down 38% Toronto Real Estate Board Members reported 5,155 sales in October, down 35 per cent from the 7,915 sales reported in October of 2007, and also down 25 per cent from the 6,876 sales reported during October 2006. Within the City of Toronto, 2,136 sales were recorded. This was down 38 per cent from the 3,455 sales recorded in October of last year. In the 905 suburbs, ...
Posted by Sean Kavanagh
on November 13, 2008
Burlington, Ontario: Although I reported last month that Burlington was holding steady in most categories, it seems the region is finally showing a downward turn and with increased inventory and decreasing prices, the market has shifted in favour of the buyer. Average prices were $368,268 in October 2007 to $322,088 in October 2008 representing a 12.5% fall from this time last year. There was also ...
Posted by Sean Kavanagh
on November 13, 2008
Burlington, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Burlington still seems to be holding strong. Burlington is still experiencing an increase in average housing prices for the month of September from last year to this year. Average prices were $329,416 in September 2007 to $370,479 in September 2008 representing a 12.47% ...
Posted by Sean Kavanagh
on October 15, 2008
Oakville, Ontario: Although there is a lot of news permeating our print and airways regarding a softening real estate market, Oakville seems to be showing some resistance. Oakville is still experiencing an increase in average housing prices for the month of September from last year to this year. $466,802 in September 2007 to $479,853 in September 2008 representing a 2.8% increase. Housing prices ...
Posted by Sean Kavanagh
on October 14, 2008